December 3, 2013, 9am PST
The University of Massachusetts at Lowell has spent $600 million on construction projects over the past six years alone. But as the university grows, local leaders are asking for payments in lieu of taxes to offset the demand on municipal services.
August 21, 2013, 5am PDT
In an opinion piece for The Wall Street Journal, James Piereson and Naomi Schaefer Riley argue that its time for educational institutions to pay their fare share of taxes to support the communities in which they reside.
October 4, 2012, 12pm PDT
A new report documents the rise of payments in lieu of taxes (PILOTs) made by non-profits to cities desperate for new revenue. Although they've gained notice by cash-strapped cities, the report indicates PILOTs typically generate little revenue.
May 23, 2012, 10am PDT
The financial crises faced by many municipalities has them searching for ever more creative means to bolster city budgets. As a result, non-profit institutions are increasingly being asked to complete payments in lieu of taxes (PILOT) agreements.
March 31, 2011, 11am PDT
Payments in lieu of taxes (PILOTs) are a popular new way for cash-strapped cities to add to their revenue by swapping voluntary payments from nonprofits for property taxes. The Lincoln Institute of Land Policy evaluates this novel practice.
December 6, 2010, 5am PST
Budget-constrained cities are increasingly looking at PILOTs -- payments in lieu of taxes that some tax-exempt nonprofit organizations contribute to cities.